Historical mistakes of India "If India was once rich, Why are we poor now" -2

First, for those who do not agree that India is not poor, Please refer the census.

Every Indian is proud of India's history, culture, historical superiority in science and technology, rational thinking, olden days economy and living standards, vedic knowledge. Look at the India now, poor, irrational, money politics, doomed leaders, hanging behind the world success story. If we are so great in our past, why are we so poor now. With all the great setup in past we should have been the world leaders by now isn't it. There could be several reasons for this question. Reasons like, invasions, foreign ruling, British raj, diversity and can be more. But what is most important of all, what effected us most. Let us say we have no control on what happened before Independence and start looking after Independence. Before the colonial period, India's share of world economy was 17% and by the time we got our Independence its 2%.
We started at 2% in 1947. Nehru and Gandhi always dreamed of modern India, People of the country fought so hard to live in a free and prosperous India. After the Independence, People were overwhelmingly happy and completely trusted Nehru that he can bring back the India's glory.
Gandhi and Nehru have different opinions on the future policies of India or each visualized future India in different prospectives. Gandhi wanted to keep the village atmosphere of the nation and build the economy dependant on agriculture. He wanted the village to be a central peace of economy. he believed and dreamed of building self sufficient villages. Nehru on the other hand believed in industrial and modern India. Nehru was greatly inspired by the success of soviet union. Finally Nehru exercised what he believed in. Nehru came up with a new idea of Mixed Economy. Which comprises the best of capitalistic and socialistic ideas. The idea seems so interesting and feels like it came out only to succeed. But the history proved it wrong. The mixed economy has embraced the negative side of socialistic and capitalistic ideas.
Nehru introduced License Raj to effectively regulated  the Indian industries. The Indian industries and entrepreneurs get terrifies as soon as they hear "License Raj". It had such a devastating effect on India and on the companies. As per license raj, companies operating in India has to take license for each and every move/decision that they take for the company. it can be an expansion plan, it can be taking a new employee, it can be importing an equipment, it can be introducing a new product line....for each and every small thing that you do in your company should be granted license. The  taxation was between 50-70% based on what kind of industry it was. companies wasted year after year to get a single license and most of the application were rejected. No private companies should get into the large scale business like steel, manufacturing, agriculture, mining, aeronautics, defense, etc...TATA, Birla, Amabani were no exception. The giants also struggled to survive. After Nehru, Indira and up to some extent Rajiv continued these policies, even after they know that they are failing. With all these, Nehrus intention was to control the maximum share by the state and limiting private companies. But it turned out that both private and public companies failed to survive in these policies.
By 1990, from 2% of worlds economic share we ended up at 0.4%. Till now congress govt ruled the nation for 50 years. If India is poor I don't see any other party except congress to blame. Taking out the respect that I have on Nehru for his freedom struggle, Gandhis-Nehru family only ruined the nation.

I will write "PV Narasimha Rao - the greatest PM that India had ever seen" which comprises of the economic history of India from 1991.
I acknowledge the book "India Unbound" which helped me in comprehending the history.